The aim of this paper is to provide one uniform representation of functional concepts for the whole field of financial infrastructures. This encompasses the part of the infrastructure with inherent systemic...
Last week a student asked me the following question: "How are the two top floors of the warehouse connected?" She had attended a lecture on real-time gross settlement (RTGS) systems settling in central...
In comment letters published last week, banks have taken issue with Basel Committee guidance that would capitalise post-execution exposure to settlement risk
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More Settlement risk articles
The revised guidance on managing settlement risk could distort the forex market if implemented inconsistently, but should ultimately lead to greater use of CLS, say market participants
Of all the derivatives asset classes destined for central clearing, the outlook for foreign exchange has arguably been subject to most change over the past 12 months – and clearing house offerings have reflected that. Initially, central counterparties...
Regulators are struggling to ensure they have oversight of over-the-counter market infrastructure without losing the benefits of centralisation. CLS Bank’s council of supervisors could be the precedent they follow. By Michael Watt
Interbank payment systems came through the strains of the 2008 crisis without serious problems, but regulators nevertheless believe there’s room for improvement. ORR talks to people within the settlement companies about their plans
Moves to overhaul Chaps will cut risk for central bank as well as members, says Chris Salmon, chief cashier at the Bank of England
Banks, market infrastructures and industry associations prepare to move forward with regulatory preparation, now that fx swaps and forwards are set to be exempt
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.
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